Close Menu

    The Impact of Artificial Intelligence Engineering on Industries

    0
    By on Business

    Artificial Intelligence is the new boss in today’s technological world and has taken hands in almost all the industries of the global arena.

    Ranging from small-scale retail establishments to large-scale healthcare units, wherever you step, you are welcomed by laude artificial intelligence aspects.

    Wanna know in detail about the impact of artificial intelligence engineering on various industries?

    Read this blog to know more about it and also get to know about the artificial intelligence course at the best BTech in AI colleges in India.

    What is Artificial Intelligence?

    Artificial Intelligence is the technological facet that involves simulation of human intelligence processes by machines, particularly computer systems.

    These processes include the following aspects:

    • Learning – The acquisition of information and rules for using the information
    • Reasoning – Using rules to reach approximate or definite conclusions, and
    • Self-correction

    Artificial intelligence involves implementing computer-oriented skills and acquired data to construct and develop systems that perform tasks beyond human comprehension.

    With its tremendous potential, the artificial intelligence industry has come a long way. Significantly growing, the Artificial intelligence industry holds a global market value of USD 136.55 billion in 2022. With the latest trends such as ChatGPT, edge AI, Cybersecurity AI, and much more, the Artificial Intelligence industry is the new-gen career pool.

    Further exploring, here are some of the notable impacts of the artificial intelligence industry on various industries.

    Artificial intelligence and its impacts on various industries:

    Almost all industries at the global level have led the invasion of artificial intelligence and AI experts from top B Tech Artificial Intelligence colleges in India for enhanced development and advancement of their empires.

    Some of the predominantly involved AI industry verticals and the impact of AI on it are as follows.

    Healthcare Industry:

    The Healthcare Industry is one of the major beneficiaries of the artificial intelligence industry.

    Statistics state that 5% to 10% of healthcare work profiles can be met with artificial intelligence while the remaining can have human interventions. By 2030, AI in healthcare is expected to reach USD 187.95 billion.

    Some of the predominant grounds of AI in healthcare include:

    • AI-powered medical imaging solutions
    • Virtual nursing assistants
    • AI-based automatic cardia measuring systems
    • Cloud-based AI support in critical care units

    On the whole, around one out of five healthcare establishments have joined hands with artificial intelligence and AI experts from the best colleges for artificial intelligence.

    Finance Industry:

    The Finance Industry is another joint partner of the AI industry. AI engineering has turned saviour for the finance industry by reducing false positives in fraud alerts by 60%.

    AI algorithms analyze vast amounts of financial data to identify patterns and make predictions, aiding in risk management and investment decisions.

    Some of the prominent dominations of AI in finance are as follows:

    • 37% of consumers get financial assistance from AI-powered chatbots.
    • AI personalised customer service persuaded 78% of consumers to continue their bank accounts.
    • Seamless AI-powered banking transactions are chosen by 36% of consumers according to McKinsey’s Global AI Survey Report.

    Manufacturing Industry:

    As automation is the key drive behind today’s AI developments, it has a great hand in the manufacturing industry.

    According to the Deloitte Survey on AI in manufacturing, 93% of companies consider AI will be a pivotal technology to drive growth and innovation in the sector.

    Data suggests that the global AI in the Manufacturing Industry has reached a market value of USD 3.8 billion by 2022 and is expected to reach USD 68.36 billion by 2030.

    Some of the prime areas of AI in manufacturing are as follows:

    • AI ensured quality assurance
    • AI-assisted predictive maintenance
    • Cobots work with humans
    • AI-supported inventory management
    • AI blockchain technology

    Beyond these, many other industries such as transportation, agriculture, entertainment, education, and much more have taken the support of AI to enhance themselves in the best possible way.

    Getting to know the role of AI in various industries unravels the career scope for AI as well.

    So, now it is time to learn about the artificial intelligence course for a great career in the AI industry of the future.

    Bachelor of Technology in Artificial Intelligence Course:

    As artificial Intelligence and Machine Learning have grabbed more academic attention among students in recent years, 22.8% of engineering students in 2023 have opted for BTech in AI & ML at top colleges such as Universal AI University, the best university in Maharashtra.

    Here are the complete details of the BTech Artificial Intelligence course.

     

    Course Name B.Tech Artificial Intelligence and Machine Learning
    Course Description BTech in AI & ML courses are designed to provide in-depth knowledge about artificial intelligence and machine learning facets in the technological arena of the world. This course concentrates on automated systems, robotics, etc.
    Course Level Undergraduate level
    Duration 4 years
    Mode Semester
    Eligibility Criteria The basic eligibility criteria to pursue BTech Artificial Intelligence at the best BTech in AI colleges in India are as follows:

     

    ●       Candidates should have completed 10+2 with physics, chemistry, and mathematics as compulsory subjects and one optional science subject.

     

    ●       Candidates should have scored a minimum of 50% aggregate in 10+2.
    Admission Process Admission to BTech in AI is either merit-based or entrance-based.

     

    Colleges providing merit-based admissions consider a 10+2 score.

     

    Certain other colleges, such as Universal AI University, one of the best BTech in AI colleges in India, conduct entrance exams such as UBSAT and personal interviews to provide admission.
    Average Fee Around INR 1,00,000/- per annum
    Higher Education Options ●       M.Tech in Artificial Intelligence

    ●       M.Tech in Data Science

    ●       M.Tech in Robotics

    ●       M.Tech in Computer Network Engineering

    ●       M.Sc in Artificial Intelligence

    ●       M.Sc in Data Science

    ●       M.Sc in Machine Learning

    ●       M.Phil

    ●       MBA

    Conclusion:

    Getting to know the print of artificial intelligence in various other industries highlights the diverse range of career opportunities that await on completing artificial intelligence courses at leading BTech in AI colleges in India. So, pick up AI and fuel up your career.

    FAQs:

    • What is the career of AI and ML?

    Career in AI and ML is so diverse that it offers job opportunities in various industries such as healthcare, BFSI, agriculture, manufacturing, cybersecurity, etc.

    • What skills are required for AI engineering?
    • Clear programming knowledge
    • Machine learning ideas
    • Coding skills
    • Good mathematical skills
    • What career opportunities are available if you work with AI?

    Some of the notable career opportunities in AI are as follows:

    • Data Scientist
    • Machine Learning Engineer
    • Robotics Programmer
    • Big Data Architect
    • What is the use of BTech in artificial intelligence?

    BTech in Artificial Intelligence will help students establish their careers in one of the promisingly developing industries that create major technological advancements in the world.